Date:May 28, 2018
Shares of VALE S.A. (BVMF:VALE5) closed at 33.36 yesterday. VALE S.A. currently has a total float of shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 32.74 and high of 33.43.
The Brazilian Equity Market
Brazil is, in one way or another, an overlooked nation when it comes to global trade and commerce. However, there are numerous reasons to believe in its capabilities as a thriving national economy.
The Brazilian Mercantile and Futures (BM&F) Bovespa is the main Brazilian stock exchange while the Ibovespa Brasil Sao Paulo Stock Exchange Index is the benchmark Brazilian index. Only trustful companies like VALE S.A. take part in its work. These two play important roles in the continuous success of not just the Brazilian economy but of the whole South American economy.
The Stock Exchange
The BM&F Bovespa had been established on August 23, 1890. During its early years, it had been a public entity until its demutualization and privatization in 2007. A year later, it had been formally known as the BM&F Bovespa following the consolidation of the BM&F and Bovespa.
An early electronic trading system had not been introduced until 1972. In 1997, it had been replaced with a better one, the Mega Bolsa. In the late 1970s, the Sistema Privado de Operacões por Telefone (SPOT), a telephone trading system, had been launched. In 1999, another trading system had been implemented— this time, an online trading system for investors at home, the Home Broker. New system gives more opportunities to VALE S.A. investors as well.
More than 450 stocks are listed on the BM&F Bovespa as of December 2015. Its offices are located in three big cities worldwide: London, New York City (NYC), and Shanghai.
The pre-market session on the BM&F Bovespa starts at 9:45 a.m. and ends at 10:00 a.m. Then, the regular session starts at 10:00 a.m. and ends at 5:30 p.m. Lastly, the post-market session starts at 6:00 p.m. and ends at 7:30 p.m.
